NASDAQ$FDUS

Fidus Investment Corporation · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Fidus Investment reported Q3 2025 net investment income of $24.2M with NII per share of $0.44.

For the quarter ended September 30, 2025, net investment income was $24.2 million ($0.44 per share). Net asset value per share was $21.02. The BDC portfolio yielded 12.1% on debt investments with regulatory debt-to-equity of 0.78x. Distributions declared were $0.43 per share.

  • Q3 net investment income $24.2M; NII per share $0.44.
  • NAV $21.02 per share; portfolio at $1.02B.
  • Weighted average debt yield 12.1% at quarter-end.
  • Distributions $0.43 per share for the quarter.

Headline financials

Total Revenue

$33.1M

Previous: $35.6M-6.9%
EPS (adj)

$0.44

Previous: $0.64-31.3%
Free Cash Flow

$19.1M

Previous: $16.5M+16.1%
Net Income

$19.1M

Previous: $16.5M+16.1%
Operating Income

$21.6M

Previous: $19.1M+13.0%
Gross Profit

$33.1M

Previous: $35.6M-6.9%

Revenue & EPS history

Fidus Investment · Revenue · Quarterly

$33.1M

Q3 2025-6.9%vs Q3 2024
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

Fidus Investment · $34.2M total across 5 segments · Q3 2023

  • Interest income
    $28.3M+31.6%
  • Payment-in-kind interest
    $2.79M+575.3%
  • Fee income
    $2.26M-6.6%
  • Interest on idle funds
    $566K+6975.0%
  • Dividend income
    $262K-59.4%

Forward guidance

The release discusses Fidus Investment's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Dividend and NAV stability remain focal points for BDC investors.
  • Fidus Investment cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Credit marks and base rates affect net investment income.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.7%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.9%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+16.1%

Q2 2020

Best reaction

-9.9%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%+1.5%-0.6%
Q4 2025-3.8%+1.1%-8.0%
Q3 2025-0.7%-5.4%-5.1%
Q1 2025+1.5%+7.7%+8.1%
Q4 2024+1.3%-2.3%-13.8%
Q3 2024-0.2%-2.0%+9.3%
Q2 2024-1.4%-1.6%+2.9%
Q1 2024-2.4%-3.0%-2.3%
Q4 2023-0.2%-1.7%+0.1%
Q3 2023+4.6%+4.5%+5.0%
Q2 2023-1.8%-3.8%-8.4%
Q1 2023+2.5%+1.9%+4.3%
Q4 2022+0.2%-0.1%-12.5%
Q3 2022+3.1%+4.7%-0.2%
Q2 2022+6.0%+3.5%+4.0%
Q1 2022+1.0%-3.5%+0.0%
Q4 2021+6.4%+5.7%+9.4%
Q3 2021+1.2%+0.8%-0.6%
Q2 2021+4.7%+8.2%+9.7%
Q1 2021+5.5%+1.5%+5.1%
Q4 2020+2.4%+5.4%+4.9%
Q3 2020+4.4%+9.6%+40.6%
Q2 2020+16.1%+21.3%+16.3%
Q1 2020-9.9%-15.4%+0.5%

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